Some people don't understand that a modern economy is fueled by the psychology of the current year. . . and that one person is controlling business and consumer optimism about the economy.https://twitter.com/funder/status/1058345821891186688 …
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Scott the tax cuts were a material change, please talk to an accountant when you get a chance. For big business AND small business AND individuals (don’t know the last time that happened). In addition, they incentivize capital expenditures (real estate, manufacturing, research)
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Can a sudden drop in liquidity in financial markets become a ‘lack of resources’?
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(Citation needed)
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Google "regime uncertainty". Trump ended it with his presidency and one indicator is that small business optimism is very high
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Nice narrative. Can you point to anything that supports your opinion? Sure, investor confidence is high, which can be an outcome of reduced uncertainty (assuming optimism). How are you measuring the level of uncertainty?
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True .. Run an economy down long and folks believe it. The opposite is not necessarily true.
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Would that be abnormal psychology? Half the country projects the flaws of the past president onto the current president yet takes credit for his success. Strange times indeed.
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